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Mettler-Toledo International Inc (NYSE:MTD)
Shiller P/E Ratio
30.74 (As of Today)

As of today, Mettler-Toledo International Inc's current share price is $286.79. Mettler-Toledo International Inc's E10 for the quarter that ended in Jun. 2015 was $9.33. Mettler-Toledo International Inc's Shiller P/E Ratio for today is 30.74.

MTD' s 10-Year Shiller P/E Ratio Range
Min: 12.21   Max: 38.77
Current: 30.76

12.21
38.77

During the past 13 years, Mettler-Toledo International Inc's highest Shiller P/E Ratio was 38.77. The lowest was 12.21. And the median was 28.02.

MTD's Shiller P/E Ratiois ranked lower than
53% of the 80 Companies
in the Global Medical Instruments & Supplies industry.

( Industry Median: 30.14 vs. MTD: 30.76 )

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

Mettler-Toledo International Inc's adjusted earnings per share data for the three months ended in Jun. 2015 was $2.730. Since most companies do not have as long as 10 years history, here we use 6 years to calculate. Add all the adjusted EPS for the past 6 years together and divide 6 will get our E10, which is $9.33 for the trailing six years ended in Jun. 2015.


Definition

For the Shiller P/E, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller P/E is also called PE10.

The Shiller P/E was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

Mettler-Toledo International Inc's Shiller P/E Ratio for today is calculated as

Shiller P/E Ratio=Share Price/E10
=286.79/9.33
=30.74

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Mettler-Toledo International Inc's E10 for the fiscal year that ended in Dec14 is calculated as:

For example, Mettler-Toledo International Inc's adjusted earnings per share data for the three months ended in Jun. 2015 was:

Adj_EPS=Earnigns per Share/CPI of Jun. 2015*CPI of Current
=2.73/238.638*238.662
=2.730

Since most companies do not have as long as 10 years history, GuruFocus uses 6 years to do the calculation.

Current CPI = 238.662.

Mettler-Toledo International Inc Quarterly Data

201303201306201309201312201403201406201409201412201503201506
per share eps 1.6902.2402.4303.6231.9302.4902.8904.1722.1902.730
CPI 232.773233.504234.149233.049236.293238.343238.031234.812236.119238.638
Adj_EPS 1.7332.2892.4773.7101.9492.4932.8984.2402.2142.730
201009201012201103201106201109201112201203201206201209201212
per share eps 1.8202.4061.4101.8202.0902.9111.6201.9302.2803.346
CPI 218.439219.179223.467225.722226.889225.672229.392229.478231.407229.601
Adj_EPS 1.9882.6201.5061.9242.1983.0791.6852.0072.3513.478
200909200912201003201006
per share eps 1.2102.0091.1001.490
CPI 215.969215.949217.631217.965
Adj_EPS 1.3372.2201.2061.631

Add all the adjusted EPS together and divide 6 will get our E10.


Explanation

Compared with the regular P/E ratio, which works poorly for cyclical businesses, the Shiller P/E smoothed out the fluctuations of profit margins during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Shiller P/E should give similar results to regular P/E.

Compared with the P/S ratio, the Shiller P/E makes the comparison between different industries more meaningful.


Be Aware

The Shiller P/E assumes that over the long term, businesses and profitability revert to their means. If a company’s business model does not work in the future compared with the past, the Shiller P/E and P/S ratio will give false valuations.


Related Terms

P/E Ratio, P/B Ratio, P/S Ratio, Price-to-Free-Cash-Flow ratio, E10


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Mettler-Toledo International Inc Annual Data

Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14
ShillerPE 24.5930.0435.7918.2524.8830.3824.5927.9630.9834.89

Mettler-Toledo International Inc Quarterly Data

Mar13Jun13Sep13Dec13Mar14Jun14Sep14Dec14Mar15Jun15
ShillerPE 29.9727.3531.8230.9829.3430.5930.1934.8936.7836.60
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